Tesla Motors Inc’s (TSLA) New Lease Program

money and investingTesla Motors Inc (NASDAQ:TSLA) is offering a new leasing program where customers could return a leased vehicle in 3 months if not satisfied, reports CNBC’s Phil LeBeau.

“In a bid to get more drivers behind the wheels of its electric cars, Tesla Motors Inc. is dangling a new leasing deal that comes with a “happiness” guarantee,” Barbara Kollmeyer Reports.

Kollmeyer goes on to say, “Under terms announced in a blog post on Saturday, Tesla TSLA, +9.45%  said anyone who regrets leasing its Model S luxury sedan can return it within the first three months, and the company will cancel the rest of the contract. The company also said U.S. Bank will offer “compelling” lease terms that it claims will cut monthly payments by as much as 25%.”

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